Understanding the Spatial Economy: Cities, Regions and Trade Chinese Economists Society 2020 North America Virtual Conference August 13-15, 2020 Zoom.us Conference Organizing Committee Junfu Zhang (Clark University), co-chair Siqi Zheng (MIT), co-chair Baomin Dong, Henan University Rui Du, Oklahoma State University Shihe Fu, Xiamen University Yingyao Hu, Johns Hopkins University Li Qi, Agnes Scott College Binzhe Wang, MIT Ben Zou, Michigan State University Student Volunteers Savannah Adkins (Clark), Weiyi Cao (Harvard), Chao Fang (Clark), Giulio Farolfi (Clark), Boya Guo (Harvard), Bing Han (Clark), Sijia Liu (Clark), Mansoor Saleem (Clark), Li Shen (Clark), Tianyu Su (MIT), Yajie Sun (Clark), Tianhong Ying (Michigan State), Hao Zhang (MIT), Chunjie Zhao (Clark). 2 Keynote Speakers Melissa Dell Melissa Dell is Professor of Economics at Harvard University. Her research interests include development economics, political economy, and economic history. In 2014, the International Monetary Fund named Dell among the 25 Brightest Young Economists. In 2018, she was awarded the Elaine Bennett Research Prize and The Economist named her one of "the decade’s eight best young economists." In 2020, she was awarded the John Bates Clark Medal, given by the American Economic Association to the US-based economist “under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge.” Dave Donaldson Dave Donaldson is Professor of Economics at MIT. He carries out research on trade, both international and intranational, with applications in the fields of International Economics, Development Economics, Economic History, Environmental Economics, Urban Economics, and Agricultural Economics. He has studied, among other topics: the welfare and other effects of market integration, the impact of improvements in transportation infrastructure, how trade might mediate the effects of climate change, and how trade affects food security and famine. This work has been awarded the 2017 John Bates Clark Medal, an Alfred P. Sloan Research Fellowship and several grants from the National Science Foundation. He currently serves as a co-editor at Econometrica and previously at American Economic Journal: Applied Economics, and as a program director (for Trade) at the International Growth Centre. He is a Fellow of the Econometric Society and a member of the American Academy of Arts and Sciences. Hanming Fang Hanming Fang is the Class of 1965 Term Professor of Economics at University of Pennsylvania. He is an applied microeconomist with broad theoretical and empirical interests focusing on public economics. His research integrates rigorous modeling with careful data analysis and has focused on the economic analysis of discrimination; insurance markets, particularly life insurance and health insurance; and health care, including Medicare. In 2008, Professor Fang was awarded the 17th Kenneth Arrow Prize by the International Health Economics Association (iHEA) for his research on the sources of advantageous selection in the Medigap insurance market. He has served as co-editor for the Journal of Public Economics and International Economic Review, and associate editor in numerous journals, including the American Economic Review. 3 Edward Glaeser Edward Glaeser is the Fred and Eleanor Glimp Professor of Economics in the Faculty of Arts and Sciences at Harvard University, where he has taught since 1992. He regularly teaches microeconomics theory, and occasionally urban and public economics. He has served as Director of the Taubman Center for State and Local Government, and Director of the Rappaport Institute for Greater Boston. He has published dozens of papers on cities economic growth, law, and economics. In particular, his work has focused on the determinants of city growth and the role of cities as centers of idea transmission. He has served as an editor for the Quarterly Journal of Economics. He received his PhD from the University of Chicago in 1992. Samuel Kortum Samuel Kortum is the James Burrows Moffatt Professor of Economics at Yale University. He currently works on issues in international economics. He has also written on economic growth, innovation, technology diffusion, and firm dynamics. Kortum and Jonathan Eaton collaborated to build quantitative models of international technology diffusion, in which ideas from the research of one country contribute to the growth of another. They tried to incorporate goods trade into that framework, discovering that it provided a transparent method of extending Ricardian trade theory to a world of many goods and countries separated by trade frictions. Their paper “Technology, Geography, and Trade,” was published in Econometrica in 2002 and earned them the Frisch Medal in 2004. Eaton and Kortum shared the Onassis Prize in International Trade in 2018. Before joining Yale, Kortum was a professor at Boston University, the University of Minnesota, and the University of Chicago, where he served as an editor of the Journal of Political Economy from 2008-2012. He is a Fellow of the Econometric Society and Member of the American Academy of Arts and Sciences. Shang-Jin Wei Shang-Jin Wei is the N.T. Wang Professor of Chinese Business and Economy and Professor of Finance and Economics at Columbia University’s Graduate School of Business and School of International and Public Affairs. on international finance, trade, macroeconomics, and China. He is a recipient of the Sun Yefang Prize for Distinguished Contributions to Economics and the Zhang Peifang Prize for Contributions to Economics of Development. During 2014-2016, he served as Chief Economist of Asian Development Bank and Director General of its Economic Research and Regional Cooperation Department. Prior to his Columbia appointment in 2007, he was Assistant Director and Chief of Trade and Investment Division at the International Monetary Fund. He was the IMF’s Chief of Mission to Myanmar (Burma) in 2004. He previously held the positions of Associate Professor of Public Policy at Harvard University, the New Century Chair in Trade and International Economics at the Brookings Institution, and Advisor at the World Bank. 4 Yang Yao Yang Yao is a professor at the China Center for Economic Research (CCER) and the National School of Development (NSD), Peking University. He currently serves as the director of CCER and the dean of NSD. He is a member of the China Finance 40 Forum. His research interests include economic transition and development in China. He has published more than hundred research papers in international and domestic journals as well as several books on institutional economics and economic development in China. He is also a prolific writer for magazines and newspapers, including the Financial Times and the Project Syndicate. Dr. Yao was awarded the 2008 and 2014 Sun Yefang Award in Economic Science, the 2008 and 2010 Pu Shan Award in International Economics, and the 2008 Zhang Peigang Award in Development Economics. 5 Chinese Economists Society 2020 North America Virtual Conference August 13-15, 2020 [This schedule follows US Eastern Daylight Time, 12 hours behind Beijing Time.] August 13 (Thursday) 8:00 – 9:00 Keynote speech I Dave Donaldson (Massachusetts Institute of Technology) 9:15 – 10:00 Keynote speech II Samuel Kortum (Yale University) Keynote speech III Hanming Fang (University of Pennsylvania) 10:15 – 11:55 Parallel sessions A 12:10 – 1:50 Parallel sessions B August 14 (Friday) 8:00 – 9:00 Keynote speech IV Edward Glaeser (Harvard University) 9:15 – 10:00 Keynote speech V Melissa Dell (Harvard University) Keynote speech VI Shang-Jin Wei (Columbia University) 10:15 – 11:55 Parallel sessions C 12:10 – 1:50 Parallel sessions D August 15 (Saturday) 8:00 – 9:00 Keynote speech VII Yang Yao (Peking University) 9:15 – 11:00 Meet with editors Edward Coulson (Coeditor, Journal of Regional Science) Andrew Foster (Chief Editor, Journal of Development Economics) Serena Ng/Elie Tamer (Coeditor, Journal of Econometrics) Stuart Rosenthal (Coeditor, Journal of Urban Economics) Xiaobo Zhang (Chief Editor, China Economic Review) Data Training Session (pre-recorded) Shuming Bao (China Data Institute) Wayne Gray (Clark University) Wendy Guan & Tao Hu (Center for Geographic Analysis, Harvard Univ) Adam Storeygard (Tufts University) 11:15 – 12:55 Parallel sessions E 6 August 13, Thursday, 8:00 – 9:00AM Keynote Speech I Speaker: Dave Donaldson (Massachusetts Institute of Technology) “Allocative Efficiency in Firm Production: A Nonparametric Test Using Procurement Lotteries” (with Paul Carrillo, Dina Pomeranz, and Monica Singhal) Moderator: Junfu Zhang (Clark University) August 13, Thursday, 9:15 – 10:00AM Keynote Speech II Speaker: Samuel Kortum (Yale University) “Optimal Unilateral Carbon Policy” (with David Weisbach and Michael Wang) Moderator: Zhen Lei (Pennsylvania State University) Keynote Speech III Speaker: Hanming Fang (University of Pennsylvania) “Competition and Quality: Evidence from High-Speed Rails and Airlines” (with Long Wang and Yang Yang) Moderator: Yingyao Hu (Johns Hopkins University) Parallel Sessions A August 13, Thursday, 10:15 – 11:55AM Session A.1 (8/13, 10:15-11:55): Urban Transportation Session Chair: Cong Peng, Harvard Kennedy School 1.The Impact of Social Externality Information on Fostering Sustainable Travel Mode Choice: A Behavioral Experiment in Zhengzhou, China Authors: Rachel Luo (Massachusetts Institute of Technology), Yichun Fan, Priyanka Desouza, Binzhe Wang, Jianghao Wang, Xin Yan, Jinhua Zhao, Siqi